Cement News tagged under: international
Cement producers support lumber industry’s challenge to constitutionality of NAFTA Chapter 1914 September 2005, Published under Cement News“The binational panel dispute settlement system set up by Chapter 19 of NAFTA is deeply flawed and contrary to the US Constitution," said Joe Dorn, a Washington-based attorney representing the Southern Tier Cement Committee (“STCC”). “It was intended to provide a process for timely appeals of agency decisions in antidumping and countervailing duty cases based on fairly applying the same law and standard of review as a national court. Instead, Chapter 19 is being manipulated in a biased mann... |
Indocement says difficult to raise prices rest of 200514 September 2005, Published under Cement NewsPT Indocement Tunggal Prakarsa said it is difficult to raise cement prices for the rest of this year despite higher energy costs as demand has been weakened by high inflation. “The sector has turned price-sensitive now," Indocement’s investor relations head Sunu Widyatmoko told XFN-Asia in an interview. “We see that demand is going to be hurt by high inflation and interest rates," he said. Indocement, like most other manufacturing companies, has been affected by the gover... |
Cyprus local cement sales fall in August14 September 2005, Published under Cement NewsExports of cement rose by 16.7 per cent YoY in the first eight months of the year, to total 109,593t, compared with 92,912t in January-August 2004, according to the latest data from the Statistical Service. In the June-August period, exports rose even faster, by 105 per cent compared with the same period of the previous year. The boom in exports has somewhat made up for the downturn in the much larger category of local sales. Local sales rose by just five per cent YoY in January to ... |
Four groups to bid for Javedan Cement today14 September 2005, Published under Cement NewsFour parties are in the run for Javedan Cement Limited’s (JCL) 96.34 percent shares with management control, as the Privatisation Commission announced its bidding schedule for Wednesday (September 14). The parties are Haji Usman Ghani group, Siddique Sons, Al Munaf group and Valibhai Kamaruddin Sindh (Pvt) Limited. Sources told Business Recorder that each of these four parties have deposited Rs 75m earnest money to reserve a seat for the bidding. JCL is located north of Karachi ove... |
Cement market in Vietnam prepares for uncertain times14 September 2005, Published under Cement NewsExperts have predicted that cement consumption from now till the end of this year will experience complicated fluctuations due to the soaring cost of goods and changes in the climate. Moreover, construction work, which is gaining momentum to fulfil the annual set targets, will also require a large volume of cement. In the third quarter of this year, the demand for cement is decreasing. However, the demand for cement is likely to hit a record high later in the year. According to N... |
Cementos La Union to expand Egyptian plant13 September 2005, Published under Cement NewsSpanish cement manufacturer Cementos La Union has decided to double the size of its Egyptian operation and sell off other assets. The firm, based in the Spanish autonomous region of Valencia, has decided to double the size and capacity size of its plant in Egypt under construction to 2Mt of clinkers per year, 700,000t of which is expected to be sold in the Egyptian market. Total investment in the plant, which is due to commence operations in 2007, will now increase from 104m euros to EUR... |
Leader inaugurates cement factory in Libya13 September 2005, Published under Cement NewsThe Leader of the Revolution inaugurated Sunday evening the first stage of Al-Burge Cement Factory in the city of Zalitin, al-Margeb Shabia, to be added to the series of cement factories and other giant achievements in all fields of industrial production. The Leader was briefed on the first and second stages of this industrial project which is constructed on an area of 60ha in two stages, the first with a production capacity of 400,000tpa and with an average of 80,000 sacks per day, while... |
Production climbs, Vietnam13 September 2005, Published under Cement NewsThe cement industry, in the year’s first eight months, produced 17.925Mt of cement and clinker, a major raw material used in cement production, up 12.8 per cent over the same period last year, said the Ministry of Construction. Vietnam Cement Corporation (VNCC) produced 8.409Mt, an increase of 13.5 per cent in the first eight months. The joint-venture companies reported an increase of 4.616Mt and vertical kiln cement plants produced 2Mt. Meanwhile, the consumption of cement in the fi... |
New Emirates cement company established13 September 2005, Published under Cement NewsEmirates Cement Company is to be established by Dubai Holding in partnership with Orascom Construction Industries, Dubai Investment Group and the Fujairah Government, reported Wam. Its first project is a greenfield cement plant with a total production capacity of 3Mta in Fujairah. Chief Executive Officer of Dubai Holding and Chairman of Dubai Investment Group, Mohammed Al Gergawi commented "This is a tremendous opportunity for our Group and we are confident that this strategic alliance wi... |
Rising from the ashes, cement maker paints a rosy picture13 September 2005, Published under Cement NewsThree years ago, the fortunes of East African Portland Cement (EAPC) were at such a low ebb that many thought the firm was headed for receivership. It made a loss of Sh269m in the year ending June 2003, and its shares performed dismally on the Nairobi Stock Exchange, hitting a record low of Sh8 in October 2002. But when Zakayo ole Mapelu, the company’s Managing Director, announced on Wednesday that EAPC had made a profit of Sh1bn, industry players noticed. The phenomenal story of EA... |